Re: Any experience with Primus Bank?

ptatohed · ‎06-18-2024

I am ready to ditch Chase and go with an interest bearing checking account as my primary checking (and savings) account. I'm seriously considering Primus.

https://primisbank.com/personal-checking/

Does anyone have any experience with Primus, good or bad?

Any other recommendations, if not Primus? Looking for high interest rate (Primus is 5.07 APY). Free ATMs. Free checks (preferred). Should I be looking for any other features?

Thanks!

[Until I can make a pretty signature, here’s an updated draft]

Everyday 5% CB:
Chase prime Visa // citi CUSTOM CASH “A” // citi CUSTOM CASH “B” // citi SHOP YOUR WAY (5% gas (in points), lucrative spending offers) // mylowe’s Rewards // Target circle card // primis Perks debit Visa (50c CB per transaction (5% CB or more up to $10 spend))

5% CB rotating:
Chase “OG” freedom Visa // DISCOVER it Cash Back // nusenda CU Platinum Cash Rewards

Everyday 4% CB:
US Bank Smartly (v1.0)

Everyday 3% / 2.2% CB:
AOD FCU Visa Signature (3%, sockdrawered) // upgrade Cash Rewards Elite (2.2%, sockdrawered)

Welcome Offer / credits only:
Chase SAPPHIRE PREFFERED (grabbed my $1,000, sockdrawered, will cancel) // NFCU FLAGSHIP REWARDS (elevated Welcome Offer, annual prime credit, sockdrawered)

Hotel card:
Chase IHG ONE REWARDS PREMIER (elevated Welcome Offer, 1 free night/yr)

On my radar:
Langely FCU Signature Cash Back (5% CB monthly selectable cat) // Safe CU Cash Back+ (Quarterly rotating 5% CB cats plus bonus cats) // upgrade MyFive Cash Rewards (5% CB monthly selectable cat) // US Bank Kroger (and family) World Elite Master Card(s) (5% CB Mobile Wallet)

FicoMike0 · ‎06-18-2024

Looks good to me. Free incoming wire, too. I don't suppose they charge for ach. I think I get near that rate at fidelity, but I'm not sure it's fdic insured.

AndySoCal · ‎06-18-2024

@ptatohed Here is a link with reviews of Primus Bank

https://www.depositaccounts.com/banks/reviews/primis.html

ACH limits inbound and outbound is mentioned in one review. I would check that before proceeding to far down the road.

I currently use Ally bank due to the ACH limits and have no complaints. The customer service is fine and it is 24/7. US based to my knowledge. I would have used a credit union but the ACH limits was factor. If I was going to do it again. I would put most the savings in Vanguard then have some in the credit union. I would link Vanguard and credit union to move money back and forth.

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Wu-Credit · ‎06-19-2024

I've heard good things and wanted to do the same. I tried to join recently but was denied for too many chex inquiries. I'm a bank bonus churner though, so you shouldn't have any problems getting in.

They are super fraud sensitive for new accounts, so be weary of the velocity or amount of transfers.

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Crypto.com Jade | 4.5% (CRO) unlimited | $10,450 | 06/2025

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myFICO | 740↓

FicoMike0 · ‎06-19-2024

Ach limits might be a factor. Fidelity is $100,000 push, $250,000 pull, $10 min. Chase is $10,000/$10,000. Both enough for me. Some are as low as $2500, which might be a problem.

Chase will link 25 accounts, fidelity seems unlimited. Most banks have small limits, 4-5. That's a nuisance, specially if you want to directly link multiple accounts at several banks. I recently noticed that robin hood only allows 3, but they do allow immediate transfer in with a debit card.

The ach 1-3 day delay is bothersome. There is same day ach, but I only have us b that offers it, and it takes two to tango.

FicoMike0 · ‎06-19-2024

These guys

https://www.lascolinasfcu.com/checking-accounts

offer this if you want to jump through hoops,

***APY = Annual Percentage Yield. Other restrictions may apply. 7% APY is earned on balances up to $25,000 if debit card is used to make at least 15 point of sale transactions each month. Balances over $25,000 earns .01% APY. Must maintain minimum balance of $25.

ptatohed · ‎06-20-2024

Alright, WTH, I went for it tonight. I opened the 5.07% checking and slid $1000 into it.

[Until I can make a pretty signature, here’s an updated draft]

Everyday 5% CB:
Chase prime Visa // citi CUSTOM CASH “A” // citi CUSTOM CASH “B” // citi SHOP YOUR WAY (5% gas (in points), lucrative spending offers) // mylowe’s Rewards // Target circle card // primis Perks debit Visa (50c CB per transaction (5% CB or more up to $10 spend))

5% CB rotating:
Chase “OG” freedom Visa // DISCOVER it Cash Back // nusenda CU Platinum Cash Rewards

Everyday 4% CB:
US Bank Smartly (v1.0)

Everyday 3% / 2.2% CB:
AOD FCU Visa Signature (3%, sockdrawered) // upgrade Cash Rewards Elite (2.2%, sockdrawered)

Welcome Offer / credits only:
Chase SAPPHIRE PREFFERED (grabbed my $1,000, sockdrawered, will cancel) // NFCU FLAGSHIP REWARDS (elevated Welcome Offer, annual prime credit, sockdrawered)

Hotel card:
Chase IHG ONE REWARDS PREMIER (elevated Welcome Offer, 1 free night/yr)

On my radar:
Langely FCU Signature Cash Back (5% CB monthly selectable cat) // Safe CU Cash Back+ (Quarterly rotating 5% CB cats plus bonus cats) // upgrade MyFive Cash Rewards (5% CB monthly selectable cat) // US Bank Kroger (and family) World Elite Master Card(s) (5% CB Mobile Wallet)

ptatohed · ‎06-20-2024

@FicoMike0 wrote:
These guys
https://www.lascolinasfcu.com/checking-accounts
offer this if you want to jump through hoops,
***APY = Annual Percentage Yield. Other restrictions may apply. 7% APY is earned on balances up to $25,000 if debit card is used to make at least 15 point of sale transactions each month. Balances over $25,000 earns .01% APY. Must maintain minimum balance of $25.

Thanks Fico. I like that a lot. I just don't know how I could ever do 15 POS's per month!

[Until I can make a pretty signature, here’s an updated draft]

Everyday 5% CB:
Chase prime Visa // citi CUSTOM CASH “A” // citi CUSTOM CASH “B” // citi SHOP YOUR WAY (5% gas (in points), lucrative spending offers) // mylowe’s Rewards // Target circle card // primis Perks debit Visa (50c CB per transaction (5% CB or more up to $10 spend))

5% CB rotating:
Chase “OG” freedom Visa // DISCOVER it Cash Back // nusenda CU Platinum Cash Rewards

Everyday 4% CB:
US Bank Smartly (v1.0)

Everyday 3% / 2.2% CB:
AOD FCU Visa Signature (3%, sockdrawered) // upgrade Cash Rewards Elite (2.2%, sockdrawered)

Welcome Offer / credits only:
Chase SAPPHIRE PREFFERED (grabbed my $1,000, sockdrawered, will cancel) // NFCU FLAGSHIP REWARDS (elevated Welcome Offer, annual prime credit, sockdrawered)

Hotel card:
Chase IHG ONE REWARDS PREMIER (elevated Welcome Offer, 1 free night/yr)

On my radar:
Langely FCU Signature Cash Back (5% CB monthly selectable cat) // Safe CU Cash Back+ (Quarterly rotating 5% CB cats plus bonus cats) // upgrade MyFive Cash Rewards (5% CB monthly selectable cat) // US Bank Kroger (and family) World Elite Master Card(s) (5% CB Mobile Wallet)

ptatohed · ‎06-20-2024

Thanks all for the replies / input. Much appreciated.

[Until I can make a pretty signature, here’s an updated draft]

Everyday 5% CB:
Chase prime Visa // citi CUSTOM CASH “A” // citi CUSTOM CASH “B” // citi SHOP YOUR WAY (5% gas (in points), lucrative spending offers) // mylowe’s Rewards // Target circle card // primis Perks debit Visa (50c CB per transaction (5% CB or more up to $10 spend))

5% CB rotating:
Chase “OG” freedom Visa // DISCOVER it Cash Back // nusenda CU Platinum Cash Rewards

Everyday 4% CB:
US Bank Smartly (v1.0)

Everyday 3% / 2.2% CB:
AOD FCU Visa Signature (3%, sockdrawered) // upgrade Cash Rewards Elite (2.2%, sockdrawered)

Welcome Offer / credits only:
Chase SAPPHIRE PREFFERED (grabbed my $1,000, sockdrawered, will cancel) // NFCU FLAGSHIP REWARDS (elevated Welcome Offer, annual prime credit, sockdrawered)

Hotel card:
Chase IHG ONE REWARDS PREMIER (elevated Welcome Offer, 1 free night/yr)

On my radar:
Langely FCU Signature Cash Back (5% CB monthly selectable cat) // Safe CU Cash Back+ (Quarterly rotating 5% CB cats plus bonus cats) // upgrade MyFive Cash Rewards (5% CB monthly selectable cat) // US Bank Kroger (and family) World Elite Master Card(s) (5% CB Mobile Wallet)

ptatohed · ‎06-20-2024

Oops. Primis, not Primus, lol.

[Until I can make a pretty signature, here’s an updated draft]

Everyday 5% CB:
Chase prime Visa // citi CUSTOM CASH “A” // citi CUSTOM CASH “B” // citi SHOP YOUR WAY (5% gas (in points), lucrative spending offers) // mylowe’s Rewards // Target circle card // primis Perks debit Visa (50c CB per transaction (5% CB or more up to $10 spend))

5% CB rotating:
Chase “OG” freedom Visa // DISCOVER it Cash Back // nusenda CU Platinum Cash Rewards

Everyday 4% CB:
US Bank Smartly (v1.0)

Everyday 3% / 2.2% CB:
AOD FCU Visa Signature (3%, sockdrawered) // upgrade Cash Rewards Elite (2.2%, sockdrawered)

Welcome Offer / credits only:
Chase SAPPHIRE PREFFERED (grabbed my $1,000, sockdrawered, will cancel) // NFCU FLAGSHIP REWARDS (elevated Welcome Offer, annual prime credit, sockdrawered)

Hotel card:
Chase IHG ONE REWARDS PREMIER (elevated Welcome Offer, 1 free night/yr)

On my radar:
Langely FCU Signature Cash Back (5% CB monthly selectable cat) // Safe CU Cash Back+ (Quarterly rotating 5% CB cats plus bonus cats) // upgrade MyFive Cash Rewards (5% CB monthly selectable cat) // US Bank Kroger (and family) World Elite Master Card(s) (5% CB Mobile Wallet)

Any experience with Primus Bank?

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Any experience with Primus Bank?